Kenya’s Top Buyer of Banks Is Now Looking Ahead to Profits
NAIROBI (Capital Markets in Africa) – SBM Holdings Ltd., the Mauritius lender that bought two Kenyan banks within months of each other, expects the combined operations to make a profit within a year. The second-biggest lender in the Indian Ocean island-nation is expanding in East Africa’s largest economy to use it as a hub for the rest of the region as part of a broader strategy funded by debt to add assets in its home…
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